Contributions
2,740 recent contributions in Hansard
HANSARDEconomic Crime and Corporate Transparency Bill (Eleventh sitting)It is £400 million over the spending period.15 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Eleventh sitting)I do not accept that the two things—inflation and the resources needed by Companies House—necessarily correlate. Salaries do not rise automatically on that basis. As the right…15 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Eleventh sitting)That may be something that the right hon. Lady wants to table, but this is a significant commitment, both in terms of legislation and resourcing. I cannot imagine a situation…15 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Eleventh sitting)As I have just set out to the Committee, clause 89, as amended, will enable Companies House fees to be used to fund enforcement and prosecution action against companies and other…15 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Eleventh sitting)Local authorities are a subset of public authorities. Question put and agreed to. Clause 90 accordingly ordered to stand part of the Bill. Schedule 3 Disclosure of information:…15 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Eleventh sitting)Clause 94 amends the general false statement offence in section 1112 of the Companies Act 2006 to create two separate offences: a basic offence and an aggravated offence. The Bill…15 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Eleventh sitting)I think the shadow Minister, the hon. Member for Aberavon, had two main queries. On the type of circumstance in which a certificate would be issued, it is impossible to predict…15 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Eleventh sitting)I think that is a very sensible suggestion and I am happy to take that away. I would like to see a number of things in that report that are currently not there. If we look at the…15 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Eleventh sitting)Of course, there is a link in the average scheme. I think £1.3 billion has been raised from asset recovery for law enforcement agencies since 2007, so there is a link. The point…15 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Eleventh sitting)This is a very simple measure. The Government are seeking to tackle the misuse of limited partnerships while modernising the law governing them. The clause clarifies the meaning…15 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Twelfth sitting)I was going on to say that I think the period is fair. As the hon. Lady knows from the debate that we have had over recent days, the way the legislation works is that a number of…15 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Twelfth sitting)That is exactly what we have. Does the right hon. Lady mean in terms of companies, or in terms of limited partnerships?15 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Twelfth sitting)Currently, limited partnerships must provide a proposed principal place of business only on registration. There is a requirement to notify the registrar if the principal place of…15 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Twelfth sitting)The two clauses mirror the provisions in clauses 30 and 31, which we debated previously. They apply to limited partnerships the registered email requirements introduced for…15 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Twelfth sitting)The hon. Lady is quite right. Exemptions might be applied where somebody’s identity can be confirmed without verification. An example could be a director appointed by the…15 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Twelfth sitting)I beg to move amendment 25, in clause 108, page 91, line 6, at end insert— “8PA Regulations about change of registered officers’ addresses by registrar (1) The Secretary of State…15 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Twelfth sitting)As I said, a wet signature is not the key to preventing inappropriate filing documents or inappropriate use of any kind of entity, be it a limited partnership or a company. We are…15 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Twelfth sitting)Limited partnerships are tax transparent, meaning that the individuals that are part of the limited partnership pay tax, rather than the limited partnership itself. In many cases,…15 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Twelfth sitting)The hon. Lady asked about the definition of an appropriate email address. As I said, it is an appropriate email address if emails sent to it would be “expected to come to the…15 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Twelfth sitting)Clause 107 requires a limited partnership to confirm on application for registration that none of its general partners are disqualified under directors disqualification…15 Nov 2022